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Dubal Posts Profits of Over Dh1b in 2009

A board report said DUBAL’s profits reached about Dhs 1.1 billion in 2009, a figure that indicated the company has weathered the storm of the global financial crisis and its direct effect on industry from recession to low demand.DUBAL’s production grew by by 7 per cent in 2009 over 2008, crossing the one million tonnes mark. Sales rose 8 per cent for the same period.

With regard to Emiratisation, UAE nationals make up 22 per cent of DUBAL’s workforce and 70 per cent of its senior management. Shaikh Hamdan and Ahmed Humaid Al Tayer, Vice Chairman of DUBAL, along with members of the board, heard a report from the President and Chief Executive Officer of the company, Abdulla Jassem bin Kalban who said 80 per cent of works in the mega Emirates Aluminium Smelter (EMAL) in Al Taweelah area of Abu Dhabi have been achieved. EMAL’s high-tech $5.7 billion aluminium smelter and the world’s largest green field project of its kind, is a strategic joint venture between DUBAL and Mubadal Development Company.

He added that the first phase of the promising project including the 2000 MW power station was operational.

Shaikh Hamdan said DUBAL is playing a vital role in boosting and cushioning the national economy and creating new job opportunities for UAE citizens. He praised the efforts made by the board members and all the workers in DUBAL and He expressed appreciation for the company’s achievements at home and abroad and wished everyone continued success.